Plan Snapshot
- Plan Sponsor: Phoenix Senior Living
- Sponsor EIN: 274328606
- Sponsor Address: 10933 CRABAPPLE RD, ROSWELL, GA, 30075
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 3,747
- Total Assets: $7.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 3,747 | $7.4M | $0 | $0 |
| 2024 | 2,239 | $5.4M | $0 | $2.7M |
| 2023 | 2,504 | $4.2M | $0 | $2.1M |
| 2022 | 2,576 | $2.9M | $0 | $1.9M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $225,326 | — | $225,326 |
| LPL FINANCIAL | Investment Advisor | $25,000 | — | $25,000 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $16,780 | — | $16,780 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $267,106
- Estimated Expense Ratio: 3.619% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $1,904,286 | $41,780 | — | — | — |
| 2024 | $244,521 | $38,332 | — | — | — |
| 2023 | $130,119 | $32,081 | — | — | — |
| 2022 | $158,450 | — | $158,450 | — | — |